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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Lillie who wrote (25278)	1/21/2003 4:57:16 PM
From: Softechie	Read Replies (1) \| Respond to of 30712

Oversold but condition is worked off by today...more downside ahead my friends...

To: Jeffrey S. Lillie who wrote (25278)	1/21/2003 5:09:02 PM
From: Murray Grummitt	Respond to of 30712

Sold some QQQ puts today. Was going to buy calls but an equity put/call ratio of 0.52 was too low for comfort. Already have a lot of long exposure to Gold mines. If we rally I'll wait to buy more puts. cboe.com MG

To: Jeffrey S. Lillie who wrote (25278)	1/21/2003 5:31:46 PM
From: ajtj99	Read Replies (2) \| Respond to of 30712

I still think we may have a bit more to the downside, as the ADX turned down again late in the day. It might need to double bottom before a reversal on the 60-minute. I also like the a drop from the Dec. 2 highs of 131 points. That gets us to 1337. Somewhere close to there would be nicer and make me feel better about a long for a 35-40-point COMP bounce. If this is an A-B-C correction off the highs mirroring the drop from Dec. 2 would land us at around 1270 COMP before a reversal up.